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Search Results 0 to 13 of about 14 (some duplicates have been removed)
Dec 22, 2012 11:30am PST
. president reagan, whom i worked for, had higher unemployment than barack obama. he had a confluence of really -- >> high interest rates. high inflation. high unemployment. it was a worse economy in certain respects. but because of his policy changes the country in fact bounced back. i am surprised that people did want to give barack obama a second chance. i think if the republicans had fielded somebody who actually told us what he was going to do and what he believed in why he should be president. we would not be having -- >> this is interesting. because around this table even, over and over again everywhere, republicans said, particularly republican women who defended mitt romney said, no. women care about the economy. if you disaggregate the economy and issues on the table and everybody was satisfied with the economy there is no way that you will not come away contraception, abortion, rights that people thought they had. if you want to get people mad, if you want to really get people out take away something they thought was safe. that's what women thought. they thought that our mothe
Dec 22, 2012 6:00pm EST
recess until christmas, it seems more likely than ever that the nation's economy will fall off the fiscal cliff. president obama is calling on congress to do just enough to change that. it's a change from his previous push for sweeping reforms. >> the american people re- elected president obama on election day. they also re-elected a republican majority here in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate for us to work together to begin solving the massive debt that threatens our country's future. unfortunately, the president and senate democrats vowed to reject and vetoed all of our proposals while failing to offer responsible solutions of their own. >> the chance for any deal may now be up to the democratally controlled senate since the speaker's plan to allow taxes to be raised for millionaires have gone down. >>> the first lady and president will attend the funeral for senator daniel inouye. >>> massachusetts voters faced another race since john kerry is now the official nominee for s
FOX News
Dec 22, 2012 1:00pm PST
at president obama. >> this is the year size of our debt surpassed the our economy. a grim milestone if we don't come to grips to w it. the president's plan to raise tax rates ko could still be as far as eye could see. >> reporter: president obama will return after christmas and work on fiscal issues. he believes a comprehensive deal could be reached but he seems to be acknowledging for scaled back plan for cutting taxes on the middle-class. >> even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agree that tax rates shouldn't go up for the other 98% of americans which includes 97% of small business. >> reporter: president said the middle-class tax cuts achievable in the next ten days and he wants to preserve unemployment benefits that is set to expire for two million americans. >> gregg: steve, thanks. >> heather: what would it mean if lawmakers fail to sfreiblg a deal? 90% of americans would see a tax hike in 2013. 121 million people will be paying more in payroll taxes a
Dec 22, 2012 7:00am PST
morning, everybody. in the news, president obama arrived in hawaii for his holiday vacation, but with no deal to keep the economy from going over the fiscal cliff. before leaving, the president pushed congress to approve a stripped-down measure to prevent taxes from rising for all but the wealthiest americans. >>> and a former marine held in mexico for months is back home. jon hammar was arrested trying to cross into mexico with a shotgun that belonged to his great grandfather. >>> and twinkies and other hostess snacks could be back on the store shelves soon. the company says it's close to selling its brand. and expects to have different buyers for the snack cakes and bread brands. >>> finally, a major milestone for the biggest viral video ever. psy's "gangnam style" has become the first video to reach, check this out, 1 billion views on youtube. in second place, i'm told, was a video by our friend, justin bieber. >> does the mayan end of the world prophecy didn't come true. but there are some signs. >> and by the way, my step kids corrected me. it's "gangnam style." >> what did i say
FOX News
Dec 22, 2012 9:00am PST
the crippling debt. he wants more spending and tax hikes and that will hurt our economy . he refuses to challenge the members of his family to deal with entitlementriform and the big issues that are facing our nation. president obama said a deal could be reached but that appears unlikely. he took off for hawaii and landed with his family for a shorter than usual christmas break. he said he is it a hopeless optmist. he is scaling back and pushing for a tax cut for the middle class and calling for compromise. it can only pass from democrats and republicans and no one gets 100 percent of what they want. everyone has to give a bit in a sensible way. we move forward together or not at all. in addition to making bush era tax cuts permanent for the middle class. let president want to preserve unemployment benefits if congress doesn't act. that know amount to an achievable goal and something that can get dun before the end of the year. >> steve, thank you for that. and now turning to the scathing report against the state department. it is fueling out a debate over what they call the grossly
Dec 22, 2012 10:00am PST
aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rate of previous quarter. you can see the chart there. it's been choppy but looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. we've been saying that 2013 could be the year of a real economic renaissance in the united states or at least the begin
Dec 22, 2012 10:00am EST
on that level, so for them it's help the economy. that is really the obama administration's policy as far as i can tell. so i think the international community is still committed to seeing that through. the question is how is morsi going to handle that? and we just saw the recent situation where he raised taxes and then his own party, the fjp, criticized and then others criticized him, and then you see him pulling back. part of the problem is to really be able to engage in these economic reforms you need to have some degree of societal outreach and consensus, and unfortunately, morsi has not shown a strong suit for that. and we're also talking about a presidential office that is very understaffed. they're over their heads. they're learning on the job. so there is also this issue of incompetence, which is why i think going forward morsi is going to have to rely more on the brotherhood because they actually do have some of the expertise, some of the business acumen, to be able to work on these controversial economic issues and to also build support on the street for some of these eco
Dec 22, 2012 4:14pm EST
to have great confidence in the u.s. economy. they have made those statements to the top american leaders that have gone, all the way from vice president biden, and xi jinping met with president obama in february of last year. they expressed great confidence in united states. they're always asking about how the recovery is going. they believe that we will get our fiscal house in order. they know how dependent they are, and that is why they want a strong -- >> to the understand the internal struggle between the president and congress? >> i think they're starting to understand that more and more. the ambassadors to have our government officials about studied. united states -- they have are government officials who have studied in the united states. the congress does not necessarily speak for the president. >> he said something quite interesting. he said he could not understand why the u.s. government should have three branches, in effect three governments within a government because it was difficult to get stuff done. [laughter] he was right. that is for sure. [laughter] "the new yo
Dec 22, 2012 3:00pm PST
economy. during the 2006 midterms, the u.s. was three years into the iraq war and facing heavy sectarian violence which hurt president bush and his party what are the lessons for president obama and the democrats? i say maybe not so much. here's why. in 2010 the party lost 63 seats in the house, 6 seats in the senate. president obama called it a shellacking. there is reason to think he will do better this time around. president obama is almost guaranteed to do better in the house. hard to do worse than what he did in his first midterm. democrats have this helpful antidote, if they hold on to control of the senate, the president can declare partial victory for that. that was the importance of democrats add two senate seats, sitting at 55. republicans have to win big, winning six senate seats is big. that's what they would have to do to get control in 2014. the gaggle will be back right after the break. the good, the bad, and the ugly of the 2012 campaign ad season. they made us laugh, some made us cringe, but which ones made people go out and vote? you're watching a special edit
Dec 22, 2012 4:30pm EST
, >> enter now eboo patel, a member of president obama's inaugural council argues that america should strive to be a pluralistic economy where religion is a bridge to cooperation rather than official between people. this is about an hour 20. [applause] >> good evening and thanks for being here. i am very excited to be with my newest best friend, eboo patel. i have had a wonderful time reading his book. i'm very excited about having a conversation with him and in drawing him into that -- drawing you when that conversation. one of the delights is his disclosing something of his own spiritual practice, particularly during the holy season of ramadan. he had me when he said that prior to entering the day he would get up, have his small breakfast and then have a time with a poem. one of my favorite poets. i thought it would be wonderful if we all could have a moment of centering around one of his favorite running pomes. how does that sound? all right. thank you for that invitation and thank you all for being here this is a poem that i actually first heard in turkey. come
Dec 21, 2012 7:00pm EST
republicans can vote present, the middle class still gets their same rate, president obama gets what he wanted with the tax hike on the rich, and they can say, look, we gave him what he wanted. this is his now. >> you can't take $500 billion out of this year's economy without any serious consequences. i mean, it'll be about $500 billion. you can't, that's going to hurt. that could threaten the recession. >> there's no doubt if we go over the cliff and it stays there's a recession in the first six, possibly nine months, there's no doubt about it. >> they've got to make a deal. they've got to. >> i think what they're leaning -- part of the reason the president said what he said is that i think there is hope that they might do a patch, essentially. >> all right. >> so sort of -- and sort of lay out some parameters for -- >> a verbal agreement. a verbal? >> clearly a big -- a big deal is not happening. >> i've got to get out of here. >> we've been patching for two years. >> ever since ronald reagan came into office. anyway, dan greenhaus, thank you very much, karen, katie, please don't go a
Dec 22, 2012 7:00am EST
obama's proposal to try to get more money into the economy and more hiring. and so that when you think about the payroll tax, the way we pay for medicare and social security is through this payroll tax. so when we cut that it is less money going into the system that funds those programs. so they're both in very shaky financial shape right now. one of the thing that is frustrates me a lot some people say medicare and social security they're not contributing to the debt problem. oh, yes they are. they're contributing a big time. and especially so over the next 5, 10, 20 years because the biggest factor that is driving our debt at least that the projections of the increase in the debt over the next years wen we haven't mentioned this is demographics. that within the next 15 years, there's going to be something like 75 million baby boomers that are going to retire. and then instead of paying taxes into the system, they're going to be collecting benefits. that's going to be a big fiscal hit. we'd better prepare for that now. host: back to the phones. go ahead, paul. caller: i want to know h
Dec 21, 2012 5:30pm PST
economies have started laying the ground work for cooperation. china's president paid a visit to the u.s. president, obama. they agreed to boost economic cooperation. juan said members of china's communist party and government had great importance with their relations with the u.s. they said they wanted to work more closely with americans on a wider range of issues. obama said building stronger economic ties is the core of the relationship. he said u.s. and chinese leaders may be able to overcome issues that divide them if they speak more frankly. officials with the chinese foreign ministry said obama mentioned he was to meet the communist party's new leader. italian prime minister mario monti has handed in his resignation. he promises to step down once the lawmakers pass the budget. they expect to meet with party leaders this weekend and dissolve the lower house and expect an election late february. monti led efforts to deal with italy's debt crisis. he appointed a cabinet of experts, not politicians. he pushed for structural reforms for over a year. he says the government has been
Search Results 0 to 13 of about 14 (some duplicates have been removed)